The America’s Marine Highways Program is one of several grant programs administered by the U.S. Maritime Administration (MARAD) to promote more effective use of the nation’s navigable waterways. This particular program was established by Congress…
In contrast to spot rates on the Far East to North Europe trade which have fallen by more than USD 3,600 per FEU [Forty-Foot-Equivalent-Unit ] since the start of the year, those to the Mediterranean have seen a much smaller decline, falling by just USD 850 per FEU…
The British Ports Association said it is calling for clarity following recent speculation that the introduction of physical Brexit border checks on EU food and animal product imports will be delayed again.Sanitary and phytosanitary inspections…
South Africa's major port of Durban, where operations were disrupted by severe flooding last week, is now functional and a backlog of thousands of containers will be cleared within five to six days, the public enterprises minister said on Tuesday…
According to a recent analysis by Container xChange, one of the many challenges for the supply chain now is the overflowing container depots in the U.S. and the pileup of empties that will push the container prices further downwards in the mid-term…
Despite months of softening on the backhaul North Europe to Far East trade, with rates on the spot market closing in on $1,000 per FEU for normal-dry containers, spot rates for reefer containers on this trade have been stable since early 2021…
Arnold W. Donald, president and CEO of Carnival Corporation & PLC, has been selected as the recipient of Seafarers’ House International Golden Compass Award for 2022. The award is given each year to those who have achieved distinction in the maritime world…
Harland & Wolff Group has been awarded a dry dock contract for two cruise ships from P&O Cruises and Cunard respectively that will occupy the Belfast drydock for 33 days in total. The companies have selected Harland & Wolff's 81-acre Belfast…
Governor Tom Wolf announced that Pennsylvania’s Intermodal Cargo Growth Incentive Program (PICGIP), which aims to increase cargo activity by incentivizing shippers to move cargo through Pennsylvania ports, will be extended until July 2023. The…
Shipping group CMA CGM is set to buy auto transport company Gefco, French paper Les Echos reported on Friday, citing sources close to the matter.CMA CGM declined to comment.Gefco, in which French-Italian carmaker Stellantis holds a 25% stake…
Hurtigruten Norwegian Coastal Express partners with SINTEF to create zero emission ships for the Norwegian coast by 2030.Since 1893, Hurtigruten Norwegian Coastal Express has carried local passengers, goods, and tourists between 34 ports. The…
Israeli shipping company ZIM Integrated Shipping Services (NYSE: ZIM) on Wednesday announced a new charter transaction with a group of investors initiated by MPC Capital AG, according to which ZIM will charter a total of up to six 5,500 TEU…
Russia is set to resume supplies of liquefied petroleum gas (LPG) from a Sea of Azov port on Tuesday for the first time since Moscow started its military operation in Ukraine, data from the port and Refinitiv Eikon showed.Supplies of LPG had been halted from the Temryuk terminal since Feb…
Singapore-based container shipping company Ocean Network Express (ONE) announced it is expanding its refrigerated container (reefer) fleet by adding another 6,500 new units (including 500 units equipped with advanced Controlled Atmosphere (CA)…
MacGregor, part of Cargotec, was selected to supply comprehensive packages of RoRo equipment for four Aurora class pure car and truck carriers (PCTCs) to be built by China Merchant Heavy Industries (Jiangsu) Co., Ltd. for Höegh Autoliners.The order has a value of more than $15 million…
